Front Street US MLP Income Fund Light About To Put More Money In Your Pocket (MLP)

On 5/27/15, Front Street US MLP Income Fund Light (TSX: MLP.TO) will trade ex-dividend, for its monthly dividend of $0.0583, payable on 6/15/15. As a percentage of MLP's recent stock price of $10.70, this dividend works out to approximately 0.54%, so look for shares of Front Street US MLP Income Fund Light to trade 0.54% lower — all else being equal — when MLP shares open for trading on 5/27/15.

Below is a dividend history chart for MLP, showing historical dividends prior to the most recent $0.0583 declared by Front Street US MLP Income Fund Light:

MLP+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MLP is likely to continue, and whether the current estimated yield of 6.54% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MLP shares, versus its 200 day moving average:

Front Street US MLP Income Fund Light 200 Day Moving Average Chart

Looking at the chart above, MLP's low point in its 52 week range is $10.05 per share, with $13.05 as the 52 week high point — that compares with a last trade of $10.70.

In Tuesday trading, Front Street US MLP Income Fund Light shares are currently off about 0.1% on the day.

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